Mon, Apr 14, 6:09 PM (13 days ago)
**TechCom, Inc. (Ticker: N/A) Financial Summary** **Financial Performance (in thousands):** - **Revenue:** $0 for both 2024 and 2023. - **Net Income:** $(52,494) for 2024 and $(77,324) for 2023. - **Operating Expenses:** $52,494 for 2024 and $77,325 for 2023. - **Earnings Per Share:** $(0.001) for both 2024 and 2023. **Strategic Overview:** - TechCom, Inc. is a non-operating holding company seeking a merger target. - The company has no active operations or specific products. - Future research and development depend on a potential merger. **Future Outlook:** - The company aims to find a merger target to become an operating entity. - There is substantial doubt about the company's ability to continue as a going concern. - The shareholder is willing to provide financial support for the next 12 months. **Risk Factors:** - The company has a stockholders' deficit of $254,425 and an accumulated deficit of $2,673,991. - There is uncertainty about securing additional financing. - The company has no insurance, which could impact its ability to defend litigation. **Financial Condition:** - Cash: $1,296 as of December 31, 2024. - Total liabilities: $255,721 for 2024 and $201,931 for 2023. - Total stockholders' deficit: $(254,425) for 2024 and $(201,931) for 2023. **Market Position Changes:** - The company's stock is traded over-the-counter with fluctuating volumes. - The stock price ranged from $0.0685 to $0.2600 in 2024. - The company has 64,990,254 shares of common stock outstanding. **Additional Notes:** - The company has no off-balance sheet arrangements. - There are material weaknesses in internal controls over financial reporting. - The company does not have an audit committee or independent directors.